AdvanceTC Limited Secures DTC Eligibility

Rhea-AI Summary

AdvanceTC Limited (OTC:ATCLF) has received DTC eligibility for its shares effective March 5, 2021. This status, granted by The Depository Trust Company, streamlines the process of trading and exchanging stock, enhancing the liquidity for investors. CEO CP Loi expressed optimism regarding the company’s progress and acknowledged the support from advisors and transfer agents. AdvanceTC specializes in advanced mobile communication technology, including its innovative satellite-smartphone products.

Positive

• Secured DTC eligibility improving stock trading and settlement processes.
• CEO expresses confidence in company growth and future updates.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / March 8, 2021 / AdvanceTC Limited, (OTC:ATCLF) the manufacturer of the world's first android smartphone with satellite messaging and emergency service announces that the company has secured DTC Eligibility by The Depository Trust Company for its shares on the OTC effective March 5, 2021.

The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.

Chief Executive Officer, CP Loi said in a statement: "We are pleased to announce that we have obtained DTC eligibility, effective March 5, 2021. Becoming DTC-eligible greatly simplifies the process of trading and exchanging our common stock. We continue to make positive steps to grow the Company. We would like to thank our legal counsel, advisors and transfer agent, Vstock Transfer, for their guidance through this process. We will continue to update our shareholders on our progress."

About AdvanceTC Limited

AdvanceTC is a premier company specializing in the design, development and commercialization of high tech mobile wireless computing and telecommunication devices since 2005. AdvanceTC W3, a full Windows® OS microcomputer integrated with cellular telephony capabilities and the Xplore X7 satellite-smartphone, fully designed and developed using its own patented proprietary technology and engineering innovation.

Safe Harbor Statement

This update includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as AdvanceTC Limited. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

Contact:

AdvanceTC Limited
99 Wall Street, Suite 2818
New York, NY, 10005
general@advancetc.com

SOURCE: AdvanceTC Ltd

View source version on accesswire.com:
https://www.accesswire.com/634089/AdvanceTC-Limited-Secures-DTC-Eligibility

FAQ

What is DTC eligibility for AdvanceTC Limited (ATCLF)?

DTC eligibility allows AdvanceTC's shares to be electronically cleared and settled, enhancing trading efficiency.

When did AdvanceTC Limited become DTC eligible?

AdvanceTC Limited became DTC eligible on March 5, 2021.

How does DTC eligibility affect investors in ATCLF?

DTC eligibility simplifies stock transactions, potentially increasing liquidity and trading volume for investors.

What technology does AdvanceTC Limited focus on?

AdvanceTC specializes in high-tech mobile wireless computing and telecommunication devices, including satellite messaging smartphones.